Mr Buffett has used his cachet to get himself the sort of deal the average investor can only dream of.
.... Sure, it was a vote of confidence in the financial sector, and, as he said himself, also a bet that the $700bn Paulson plan to buy up toxic debt will make it through US Congress pretty smartly. But it's an awful lot easier to feel confident about what is almost a one-way bet. Even if the Paulson plan had failed, which now seems unlikely v v
the Paulson plan had failed, which now seems unlikely
